The story
History
Arab Bridge Maritime is a joint venture between the governments of Jordan, Egypt, and Iraq. AB Maritime was founded in November 1985 with a paid-up capital of $6 million contributed equally between the three partner governments. The capital was increased from retained profits, to reach $81 million in 2011.
The company was granted an exclusive concession by the governments of Jordan and Egypt to operate the Aqaba-Nuweiba ferry service line for the transportation of passengers, goods, and vehicles of all sorts between the Arab countries in Africa and Asia.
The company started its operations with hired vessels, but AB Maritime currently owns its own fleet of six vessels with an estimated value of over $80 million and is planning to increase its fleet in the near future in order to serve the current expansion of its operations.
AB Maritime is managed by an executive team nominated by the Board of Directors.
General information
The launching of “Book in Advance” automated service allows the customers to book their tickets prior to the trip from any of ABM's offices in Jordan, KSA, Egypt, Syria, and Arab states of the Persian Gulf countries.
The company has contracts with agents in Syria, KSA, and the Persian Gulf countries. AB Maritime was also chosen as the agent for land and maritime Iraqi imports from Jordan.
AB Maritime also owns:
50% shares of the Arab Ship Management Ltd.
Read the full text
30% shares of the Jordanian Academy for Maritime Studies
Permanent offices in Aqaba, Amman, and Cairo
Desalination plant in Nuweiba
Shipping lines:
Ab Maritime operates in the Red Sea on the lines between:
Aqaba – Nuweiba
Morocco - Spain
Malta - Libya
From Wikipedia’s article on Arab Bridge Maritime, shared under CC BY-SA 4.0.4